WBE: Benefits of Becoming Certified & Partnering With Us!
TalentSource is a certified Women-Owned Business Enterprise (WBE) and Women Owned Small Business (WOSB). The Women’s Business Enterprise National Council (WBENC) is the nation’s leading third-party certifier, who certifies companies as WBEs and WOSBs on behalf of the private sector.
Woman Owned Businesses increase opportunities for women. Designed to increase overall visibility and access to federal contracts and economic resources, becoming certified can help your Woman Owned Business grow. For example, some companies often set goals to reach a certain percentage for subcontracting work to Women Owned Businesses. In some state and local jurisdictions, this percentage is as high as 30%. TalentSource is also a WBENC certified minority supplier. Corporate members of WBENC including companies such as Kellogg, Cummins, Tenneco, Apple, and many more have a vested interest to work with minority suppliers. WBENC connects women-owned businesses with purchasing decision-makers of these major corporations and government entities to create an environment of opportunity for WBEs, WOSBs, and minority suppliers.
Grow your business by becoming a certified Woman-Owned Business Enterprise.
Here are some of the benefits of being WBE certified:
- Access to opportunities, such as large corporations and federal agencies
- Training and educational programs exclusive to WOSB
- Networking opportunities
- Connect directly with buyers looking meet their 5% subcontracting federal goals
- Access to leads for bids and proposals
- Access to purchasing agents
- Mentorship programs
As well as other opportunities such as:
- Sole source and set aside: This is an opportunity for a Woman Owned Business to pitch business to government agencies who can make a decision on the spot, without going out to bid. This is great for smaller firms.
- Discretionary spending: This is when a local government gives purchasing agents a certain amount of money to spend on women owned businesses. In New York state, that can be up to $200,000.
So, what does it take to become a WBE?
- Your company must have at least 51% woman ownership and control.
- Show fiscal responsibility via tax returns, bank statement and its business credit rating. A company should be current with their fiscal responsibilities and appropriate cash flow.
- Finally, have the capacity to succeed. The company’s principles must have a certain level of experience in the market they are going into. Principles may need to hold any field requires licenses.
Want to learn more about TalentSource? Read Recruiting FAQs with TalentSource.
Source: Ellevate Network: How Being A Certified Woman Owned Business Can Help Grow Your Company